Property value increases in St Lucia have tracked just lower than the QLD average of 2.38% over the last 12 months.
If we look at median property appreciation over just the last three months, St Lucia has given property investors a paper return of 12.14%. This puts Suburb as 17 on a list of fastest fasting appreciating suburbs in QLD
At number 321th of QLD’s most discounted properties, St Lucia is in the bottom 40% of the state/territory when listing in order of most discounted to least.
With the median price for a house in St Lucia being $1090000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 2.58%
Property investors who have had real estate in St Lucia, 4067 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.96%
The five-year average increase in median property values for St Lucia,4067 has given property investors a potential capital gain of -4.75% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that St Lucia is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 149th in terms of most discounted suburbs in QLD
In the last year 142 properties changed hands in St Lucia, which puts it as the 65th most active market in QLD when comparing the number of sales per suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at 2.06%.